Springleaf Mortgage Loan Trust 2012-2 $970.034 Million Notes Assigned Preliminary Ratings Jul 12
- ID: 2201710
- July 2012
- Standard & Poors
OVERVIEW Springleaf Mortgage Loan Trust 2012-2's issuance is a RMBS securitization backed by seasoned first-lien, fixed-rate, and adjustable-rate, residential mortgage loans secured by one- to four-family residences, manufactured housing, land, and packages of multiple real properties to subprime borrowers. We assigned our preliminary ratings to the class A, M-1, M-2, M-3, M-4, B-1, and B-2 notes. The preliminary ratings reflect our view of the transaction's expected credit enhancement, the timing of losses, the foreclosed properties' recovery values, and our default assumptions, among other factors. NEW YORK (Standard & Poor's) July 31, 2012--Standard & Poor's Ratings Services today assigned its preliminary ratings to Springleaf Mortgage Loan Trust 2012-2's $970.034 million mortgage-backed notes series 2012-2 (see list). The note issuance is a...
Companies mentioned in this report are: Springleaf Mortgage Loan Trust 2012-2
Action: Preliminary Rating
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Research type: News
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